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Saudi Industrial Export Co.

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uuid003bsbb

Namestring
Saudi Industrial Export Co.
Legal namestring
Saudi Industrial Export Company
Websiteurl
siec.com.sa
Company typeenum
Public
Founded yearint
1990
Descriptiontext

Saudi Industrial Export Company, operating under the SADIRAT brand, is a publicly listed Saudi trade and supply chain solutions provider headquartered in Riyadh with regional offices in Dubai and Baghdad. Founded in 1990 as a limited liability company and listed on the Tadawul main market (TASI, ticker 4140) in 2006, the company serves international manufacturers, distributors, and commodity traders — particularly in food products, fertilizers, polymers, and building materials — seeking to access Middle East and African markets.

The company's offering is organized into three integrated pillars: Finance Flow (trade finance instruments, 24/7 commodity exchange with warehouse management, multi-currency transactions, and commercial insurance), Goods Flow (turnkey logistics, chartering, warehousing, food and commodity processing, and rate negotiation, delivered through a non-asset model), and Information Flow (a SaaS B2B multi-vendor ecommerce platform for product cataloging, vendor profiles, supply chain visibility, and end-to-end order tracking). The technology stack is conventional SaaS B2B ecommerce infrastructure with no disclosed AI/ML layer or developer-facing APIs.

The business model combines subscription-based SaaS access, transaction-fee revenue from commodity exchange and logistics services, and recurring commercial insurance and trade finance fees. Pricing is quote-based and tailored to enterprise clients, distributed through direct enterprise sales relationships rather than channel partners. The firm employs 51-100 people, has 19,440,000 shares outstanding at SAR 10 par value, and reports a market presence spanning KSA, UAE, Iraq, and African markets.

Short descriptiontext

Saudi Industrial Export Company (SADIRAT) is a Riyadh-headquartered, Tadawul-listed provider of integrated supply chain and trade solutions — spanning trade finance, logistics, and a SaaS B2B ecommerce platform — for international manufacturers, distributors, and commodity traders operating in Middle East and African markets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersRiyadh, Saudi Arabia
HQ citystring
Riyadh
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
international trade solutions, supply chain management, trade finance services, logistics services, B2B ecommerce platform
Industry4 codes
1Import/Export & Cross-Border Food Commodity Trading
CodeAFAIAKALPrimaryYes
2Industrial Supplies & MRO Marketplaces
CodeCRAFAHAAPrimaryNo
3Customs Declaration & Filing (Import/Export Entry) Platforms
CodeTLAEAOAAPrimaryNo
4Product Master Data / GTM Content Management for Trade (SKU-to-HS mapping, attributes)
CodeTLAEAOAMPrimaryNo
NAICS code4 codes
  • Other Farm Product Raw Material Merchant Wholesalers42459
  • Industrial Supplies Merchant Wholesalers423840
  • Wholesale Trade Agents and Brokers4251
  • Merchant Wholesalers, Durable Goods423
SIC code3 codes
  • Wholesale-Farm Product Raw Materials5150
  • Wholesale-Lumber & Other Construction Materials5030
  • Wholesale-Professional & Commercial Equipment & Supplies5040
Product category
International Trade Solutions
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Trade Finance Solutions
TypeSubscription Recurring
Description

Financial instruments and financing solutions for funding and expanding international trade operations, providing payment alternatives and suitable financing to ease trade concerns

siec.com.sa
2SaaS Platform Subscription
TypeSubscription Recurring
Description

Subscription-based access to the B2B ecommerce platform for product cataloging, vendor profiles, and supply chain management services

siec.com.sa
3Logistics Services
TypeTransaction Fee
Description

Turnkey logistics, chartering, warehousing, and value-added services including drayage, negotiated trucking rates, and collateral management agreements

siec.com.sa
4Commodity Exchange
TypeTransaction Fee
Description

Commodity exchange solutions and warehouse management system where clients can exchange goods, bid on them, and auction them off

siec.com.sa
5Commercial Insurance
TypeSubscription Recurring
Description

Commercial insurance protection against unforeseen circumstances and risk mitigation recommendations

siec.com.sa
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure
Pricing details1 tier
1Custom enterprise pricing
ModelOtherBilling cadenceMonthly
Notes

Subscription-based platform available on custom enterprise pricing tailored to client requirements. No public tier structure disclosed.

siec.com.sa
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Saudi Industrial Export Co. (SADIRAT) provides comprehensive international trade and supply chain solutions for manufacturers, distributors, and commodity traders across the Middle East and Africa. The company operates three integrated service pillars: Finance Flow (trade finance, commodity exchange, currency exchange, and commercial insurance), Goods Flow (turnkey logistics, chartering, warehousing, freight, drayage, and commodity processing), and Information Flow (a SaaS B2B multi-vendor ecommerce platform for product cataloging, ordering, payment processing, and end-to-end supply chain visibility).

Differentiator
Functional benefit
Problem solved
Product overview1 text field

SADIRAT (Saudi Industrial Export Company) operates as a unified supply chain and trade solutions platform offering three integrated service pillars: Finance Flow (financial instruments, commodity exchanges, and insurance), Goods Flow (logistics, warehousing, and chartering), and Information Flow (SaaS B2B ecommerce platform for trading, product cataloging, and supply chain visibility). These three flows work together as a comprehensive solution for international trade operations.

Product and service3 records
1Finance Flow
CategoryTrade Finance
Description

Provides world-class financial and insurance solutions, commodity exchange solutions (24/7 trading markets with warehouse management, bidding, and auctioning), and currency exchange solutions. Delivers access to capital for funding operations, multi-currency transaction capability, and commercial insurance protection against unforeseen circumstances and political risk. Targeted at international manufacturers, distributors, and commodity traders.

2Goods Flow
CategoryLogistics and Supply Chain
Description

Provides turnkey logistics, chartering, warehousing, and value-added services, including food and commodity processing, insurance and rate negotiation, door-to-door import/export, drayage, trucking, air freight, and bulk logistics. Operated as a non-asset logistics provider to enable flexible, tailored client services. Targeted at international manufacturers, distributors, and commodity traders moving food products, fertilizers, polymers, and building materials.

3Information Flow
CategoryB2B Ecommerce Platform
Description

Provides a SaaS online B2B multi-vendor ecommerce platform for marketing and sales of manufacturers' products, purchasing supply chain services, and end-to-end order tracking and supply chain visibility. Includes product browsing, ordering, shipping documentation, payment processing, vendor profiles, and Control Tower real-time supply chain visibility. Available on a subscription basis with monthly billing. Targeted at manufacturers, suppliers, and buyers engaged in international trade.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeEmerging player
Description

US-based digital freight forwarder offering online booking, supply-chain visibility, and trade finance — comparable to SADIRAT's combined logistics-plus-platform offering, though operating from a different geography and customer base.

TypeDirect peer
Description

B2B ecommerce marketplace focused on connecting global buyers and suppliers, with strong traction in the Middle East and Africa — a direct comparator to SADIRAT's Information Flow B2B multi-vendor ecommerce platform in the same regional market.

TypeDirect peer
Description

UAE-based logistics and trade solutions provider with regional MENA operations including Saudi Arabia, offering freight, warehousing, and supply chain services — directly comparable to SADIRAT's Goods Flow pillar in the same geography.

TypeBroad incumbent
Description

The world's largest B2B cross-border ecommerce marketplace for industrial and consumer goods; directly comparable to SADIRAT's Information Flow B2B multi-vendor ecommerce model, though at vastly greater scale and global reach.

TypeBroad incumbent
Description

Kuwait-headquartered global logistics and supply-chain company with strong MENA presence and trade-finance-adjacent services; a broader incumbent offering freight forwarding, contract logistics, and customs, overlapping with SADIRAT's trade and logistics stack.

6Saudi EXIM Bank
TypeOthers
Description

Saudi Arabia's official export credit and trade finance institution; a Saudi state-aligned ecosystem participant in trade finance that intersects with SADIRAT's Finance Flow offerings and shapes the addressable market for its trade-finance products.

TypeRegional player
Description

Kuwait-based aviation and ground-handling logistics group with MENA operations including Saudi Arabia — a regional peer in MENA logistics services overlapping with SADIRAT's regional trade facilitation scope.

TypeBroad incumbent
Description

UAE-based global port operator and supply-chain solutions provider with deep MENA infrastructure and a growing digital trade platform; a much larger incumbent operating in the same regional trade ecosystem SADIRAT targets.

TypeEmerging player
Description

Maersk's digital logistics platform providing booking, visibility, and supply-chain financing for SMEs — comparable in product shape (digital freight + trade finance) to SADIRAT's bundled offering, though broader in scope and shipping-line-backed.

TypeEmerging player
Description

B2B trade and supply-chain finance platform that digitizes invoices, trade documents, and supplier networks — closely comparable to SADIRAT's Information Flow SaaS B2B multi-vendor ecommerce and trade documentation functionality.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Saudi Industrial Export Co.

International Trade Solutionssiec.com.sa

Saudi Industrial Export Company (SADIRAT) is a Riyadh-headquartered, Tadawul-listed provider of integrated supply chain and trade solutions — spanning trade finance, logistics, and a SaaS B2B ecommerce platform — for international manufacturers, distributors, and commodity traders operating in Middle East and African markets.

What Saudi Industrial Export Co. does

Saudi Industrial Export Company, operating under the SADIRAT brand, is a publicly listed Saudi trade and supply chain solutions provider headquartered in Riyadh with regional offices in Dubai and Baghdad. Founded in 1990 as a limited liability company and listed on the Tadawul main market (TASI, ticker 4140) in 2006, the company serves international manufacturers, distributors, and commodity traders — particularly in food products, fertilizers, polymers, and building materials — seeking to access Middle East and African markets.

The company's offering is organized into three integrated pillars: Finance Flow (trade finance instruments, 24/7 commodity exchange with warehouse management, multi-currency transactions, and commercial insurance), Goods Flow (turnkey logistics, chartering, warehousing, food and commodity processing, and rate negotiation, delivered through a non-asset model), and Information Flow (a SaaS B2B multi-vendor ecommerce platform for product cataloging, vendor profiles, supply chain visibility, and end-to-end order tracking). The technology stack is conventional SaaS B2B ecommerce infrastructure with no disclosed AI/ML layer or developer-facing APIs.

The business model combines subscription-based SaaS access, transaction-fee revenue from commodity exchange and logistics services, and recurring commercial insurance and trade finance fees. Pricing is quote-based and tailored to enterprise clients, distributed through direct enterprise sales relationships rather than channel partners. The firm employs 51-100 people, has 19,440,000 shares outstanding at SAR 10 par value, and reports a market presence spanning KSA, UAE, Iraq, and African markets.

Saudi Industrial Export Co. firmographics

Firmographics
Name
Saudi Industrial Export Co.
Legal name
Saudi Industrial Export Company
Website
https://siec.com.sa
Company type
Public
Founded year
1990
Operating status
Operating
Headcount range
51–100 employees
Short description
Saudi Industrial Export Company (SADIRAT) is a Riyadh-headquartered, Tadawul-listed provider of integrated supply chain and trade solutions — spanning trade finance, logistics, and a SaaS B2B ecommerce platform — for international manufacturers, distributors, and commodity traders operating in Middle East and African markets.
Ownership category
akta.pro rank

Saudi Industrial Export Co. industry classification

Industry
Product category
International Trade Solutions
NAICS
Other Farm Product Raw Material Merchant Wholesalers (42459), Industrial Supplies Merchant Wholesalers (423840), Wholesale Trade Agents and Brokers (4251), Merchant Wholesalers, Durable Goods (423)
SIC
Wholesale-Farm Product Raw Materials (5150), Wholesale-Lumber & Other Construction Materials (5030), Wholesale-Professional & Commercial Equipment & Supplies (5040)
akta.pro primary industry
Import/Export & Cross-Border Food Commodity Trading (AFAIAKAL)
akta.pro secondary industries
Industrial Supplies & MRO Marketplaces (CRAFAHAA), Customs Declaration & Filing (Import/Export Entry) Platforms (TLAEAOAA), Product Master Data / GTM Content Management for Trade (SKU-to-HS mapping, attributes) (TLAEAOAM)

Keywords

  • International trade solutions
  • Supply chain management
  • Trade finance services
  • Logistics services
  • B2B ecommerce platform

Where Saudi Industrial Export Co. is headquartered

Location

Headquarters

HQ city
Riyadh
HQ country
Saudi Arabia
HQ region
Middle East

Offices3 records

Markets served

Saudi Industrial Export Co. business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure

Revenue model

  1. Trade Finance Solutions: Financial instruments and financing solutions for funding and expanding international trade operations, providing payment alternatives and suitable financing to ease trade concerns
  2. SaaS Platform Subscription: Subscription-based access to the B2B ecommerce platform for product cataloging, vendor profiles, and supply chain management services
  3. Logistics Services: Turnkey logistics, chartering, warehousing, and value-added services including drayage, negotiated trucking rates, and collateral management agreements
  4. Commodity Exchange: Commodity exchange solutions and warehouse management system where clients can exchange goods, bid on them, and auction them off
  5. Commercial Insurance: Commercial insurance protection against unforeseen circumstances and risk mitigation recommendations

Pricing tiers

ModelBillingPrice
OtherMonthlyCustom enterprise pricing

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Saudi Industrial Export Co. product offering

Product offering

Core offering

Saudi Industrial Export Co. (SADIRAT) provides comprehensive international trade and supply chain solutions for manufacturers, distributors, and commodity traders across the Middle East and Africa. The company operates three integrated service pillars: Finance Flow (trade finance, commodity exchange, currency exchange, and commercial insurance), Goods Flow (turnkey logistics, chartering, warehousing, freight, drayage, and commodity processing), and Information Flow (a SaaS B2B multi-vendor ecommerce platform for product cataloging, ordering, payment processing, and end-to-end supply chain visibility).

Product overview

SADIRAT (Saudi Industrial Export Company) operates as a unified supply chain and trade solutions platform offering three integrated service pillars: Finance Flow (financial instruments, commodity exchanges, and insurance), Goods Flow (logistics, warehousing, and chartering), and Information Flow (SaaS B2B ecommerce platform for trading, product cataloging, and supply chain visibility). These three flows work together as a comprehensive solution for international trade operations.

Differentiator

Problem solved

Functional benefit

Products and services

  • Finance Flow Provides world-class financial and insurance solutions, commodity exchange solutions (24/7 trading markets with warehouse management, bidding, and auctioning), and currency exchange solutions. Delivers access to capital for funding operations, multi-currency transaction capability, and commercial insurance protection against unforeseen circumstances and political risk. Targeted at international manufacturers, distributors, and commodity traders.
  • Goods Flow Provides turnkey logistics, chartering, warehousing, and value-added services, including food and commodity processing, insurance and rate negotiation, door-to-door import/export, drayage, trucking, air freight, and bulk logistics. Operated as a non-asset logistics provider to enable flexible, tailored client services. Targeted at international manufacturers, distributors, and commodity traders moving food products, fertilizers, polymers, and building materials.
  • Information Flow Provides a SaaS online B2B multi-vendor ecommerce platform for marketing and sales of manufacturers' products, purchasing supply chain services, and end-to-end order tracking and supply chain visibility. Includes product browsing, ordering, shipping documentation, payment processing, vendor profiles, and Control Tower real-time supply chain visibility. Available on a subscription basis with monthly billing. Targeted at manufacturers, suppliers, and buyers engaged in international trade.

Companies that use Saudi Industrial Export Co.

Customer profile

Segments3 records

Ideal customer profiles3 records

Saudi Industrial Export Co. technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Saudi Industrial Export Co. partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Saudi Industrial Export Co. competitors and assessment

Company assessment

Emerging players

  • Flexport: US-based digital freight forwarder offering online booking, supply-chain visibility, and trade finance — comparable to SADIRAT's combined logistics-plus-platform offering, though operating from a different geography and customer base.
  • Twill (Maersk): Maersk's digital logistics platform providing booking, visibility, and supply-chain financing for SMEs — comparable in product shape (digital freight + trade finance) to SADIRAT's bundled offering, though broader in scope and shipping-line-backed.
  • Tradeshift: B2B trade and supply-chain finance platform that digitizes invoices, trade documents, and supplier networks — closely comparable to SADIRAT's Information Flow SaaS B2B multi-vendor ecommerce and trade documentation functionality.

Direct peers

  • TradeKey: B2B ecommerce marketplace focused on connecting global buyers and suppliers, with strong traction in the Middle East and Africa — a direct comparator to SADIRAT's Information Flow B2B multi-vendor ecommerce platform in the same regional market.
  • Aramex: UAE-based logistics and trade solutions provider with regional MENA operations including Saudi Arabia, offering freight, warehousing, and supply chain services — directly comparable to SADIRAT's Goods Flow pillar in the same geography.

Broad incumbents

  • Alibaba.com: The world's largest B2B cross-border ecommerce marketplace for industrial and consumer goods; directly comparable to SADIRAT's Information Flow B2B multi-vendor ecommerce model, though at vastly greater scale and global reach.
  • Agility: Kuwait-headquartered global logistics and supply-chain company with strong MENA presence and trade-finance-adjacent services; a broader incumbent offering freight forwarding, contract logistics, and customs, overlapping with SADIRAT's trade and logistics stack.
  • DP World: UAE-based global port operator and supply-chain solutions provider with deep MENA infrastructure and a growing digital trade platform; a much larger incumbent operating in the same regional trade ecosystem SADIRAT targets.

Others

  • Saudi EXIM Bank: Saudi Arabia's official export credit and trade finance institution; a Saudi state-aligned ecosystem participant in trade finance that intersects with SADIRAT's Finance Flow offerings and shapes the addressable market for its trade-finance products.

Regional players

  • NAS (National Aviation Services): Kuwait-based aviation and ground-handling logistics group with MENA operations including Saudi Arabia — a regional peer in MENA logistics services overlapping with SADIRAT's regional trade facilitation scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Saudi Industrial Export Co. social profiles

Digital presence

Saudi Industrial Export Co. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Saudi Industrial Export Co. leadership team

Management profile

Number of profiles

Profiles4 records

Saudi Industrial Export Co. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Saudi Industrial Export Co. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Industrial Export Co.

What does Saudi Industrial Export Co. do?

Saudi Industrial Export Co. (SADIRAT) provides comprehensive international trade and supply chain solutions for manufacturers, distributors, and commodity traders across the Middle East and Africa. The company operates three integrated service pillars: Finance Flow (trade finance, commodity exchange, currency exchange, and commercial insurance), Goods Flow (turnkey logistics, chartering, warehousing, freight, drayage, and commodity processing), and Information Flow (a SaaS B2B multi-vendor ecommerce platform for product cataloging, ordering, payment processing, and end-to-end supply chain visibility).

Is Saudi Industrial Export Co. a public or private company?

Saudi Industrial Export Co. is a public company. It is classified as public and is currently operating.

When was Saudi Industrial Export Co. founded?

Saudi Industrial Export Co. was founded in 1990. It employs 51 to 100 people.

Where is Saudi Industrial Export Co. based?

Saudi Industrial Export Co. is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

How does Saudi Industrial Export Co. make money?

Five revenue lines are on record. Trade Finance Solutions are the primary driver. The others are saaS Platform Subscription, logistics Services, commodity Exchange and commercial Insurance.

Who are Saudi Industrial Export Co.'s main competitors?

Emerging players on record are Flexport, Twill (Maersk) and Tradeshift. Direct peers are TradeKey and Aramex. Broad incumbents are Alibaba.com, Agility and DP World. Saudi EXIM Bank is listed as an others. NAS (National Aviation Services) is listed as a regional player.

Does Saudi Industrial Export Co. have an API?

No public API is recorded for Saudi Industrial Export Co..

What industry is Saudi Industrial Export Co. in?

Saudi Industrial Export Co.'s product category is International Trade Solutions. Its primary akta.pro industry code is AFAIAKAL, Import/Export & Cross-Border Food Commodity Trading, with a secondary code of CRAFAHAA, Industrial Supplies & MRO Marketplaces. Its NAICS code is 42459 and its SIC code is 5150.

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Live signals
ArabnewsClosing Bell: Saudi main index closes in green at 10,823Saudi Arabia's Tadawul All Share Index rose 1.1% to close at 10,823.62 on Monday, with 225 stocks advancing. The MSCI Tadawul Index gained 0.82% to 1,449.86, and Yamama Cement reported Q2 net profit of SR121.5 million, up 0.4% year on year.SahmcapitalSaudi Industrial Export Reports SAR 1.89M Net Loss in the Six Months 2026Saudi Industrial Export Co. announced its interim financial results for the six months ended June 30, 2026, reporting a net loss of SAR 1.89 million, a 68.9% improvement from the SAR 6.08 million loss in the same period last year. The company has suspended all operational activities since Q4 2024 to focus on investment activities, and its external auditor issued a going concern warning due to zero operating revenues and accumulated losses of SAR 96.84 million representing 49.81% of capital. Despite the narrowing losses driven by investment revaluation gains and cost controls, total shareholders' equity fell 17.4% year-on-year to SAR 98.13 million.Investing.comSaudi Arabia shares higher at close of trade; Tadawul All Share up 1.30% By Investing.comSaudi Arabia's Tadawul All Share Index closed up 1.30% on Sunday, with 273 stocks rising against 71 declining and 8 unchanged. Saudi Industrial Export Co led gainers with a 10% rise to 2.75, while Alinma Retail REIT Fund Unit was the biggest loser, falling 3.30% to 4.39. In commodities, crude oil for March delivery rose 2.35% to $58.94 per barrel and Brent oil rose 2.18% to $63.34 per barrel.ArabnewsClosing Bell: Saudi main index rises to close at 11,591Saudi Arabia's Tadawul All Share Index rose 0.85 percent to close at 11,591.69 on Monday, with total trading turnover of SR5.62 billion ($1.49 billion) as 214 of 250 listed stocks advanced. Saudi Exchange Co. approved Morgan Stanley Saudi Arabia to act as market maker for Saudi Industrial Export Co. and Al Kathiri Holding Co. effective October 14, with obligations to maintain 50 percent minimum order presence and 2 percent maximum bid-ask spread.